3. Which of the following countries has topped the list of countries receiving remittances from overseas workers in the year 2013 as per the World Bank report?
a) Philippines
b) China
c) India
d) Mexico
e) None of these

4. Which of the following banks has re-launched its channel on You- Tube with the aim of strengthening its social media presence?
a) HDFC Bank
b) SBI
c) YES Bank
d) ICICI Bank
e) None of these

5. India's first post office savings bank ATM facility has been recently inaugurated in which of the following places?
a) Chennai
b) Bengaluru
c) Mumbai
d) Delhi
e) None of these

6. Which of the following banks has recently launched 'Branch on Wheels' in Odisha as part their financial inclusion plans to provide banking services in remote villages in the state which are devoid of banking facilities?
a) SBI
b) Axis Bank
c) HDFC Bank
d) ICICI Bank
e) None of these

7. Which of the following banks has become the first Indian private sector bank to set up a branch in China?
a) ICICI Bank
b) HDFC Bank
c) YES Bank
d) Axis Bank
e) None of these

13.Fixed deposits and recurring deposits are?A. Repayable after an agreed periodB. Repayable on demandC. Not repayableD.Repayable after death of depositorsE.Repayable on demand or after an agreed period as per bank's choice

14. Accounts are allowed to be operated by cheques in respect of? A. Both savings bank accounts and fixed deposit accounts. B. Savings bank accounts and current accounts. C. Both savings bank accounts and loan accounts. D. Both savings bank accounts and cash accounts only. E. Both current accounts and fixed deposit accounts.

15. Which of the following is correct statement? A. No interest is paid on current deposit accounts. B. Interest is paid on current accounts at the same rate as term deposit accounts. C. The rate of interest on current accounts and savings accounts are the same. D. No interest is paid on any deposit by the bank. E. Savings deposits are the same as current deposits.

17. Financial inclusion means provision of ? A. Financial services namely payments, remittances, savings, loans and insurance at affordable cost to persons not yet given the bank B. Ration at affordable cost to persons not yet given the same C. House at affordable cost to persons not yet given the same D. Food at affordable cost to persons not yet given the same E. Education at affordable cost to persons not yet given the same

18. When a bank returns a cheque unpaid, it is called? A. Payment of the cheque B. Drawing of the cheque C. Canceling of the cheque D. Dishonor of the cheque E. Taking of the cheque

19. Who is the Chairman of the committee constituted by RBI to study issues and concerns in the Micro Finance Institutions (MFI) Sector? A. Y.H Malegam

B. Dr. KC Chakraborty C. C. Rangrajan

D. M. Damodaran E. Usha Thorat

20. Which of the following types of accounts are known as 'Demat Accounts'? A. Accounts which are Zero Balance B. Accounts which are opened to facilitate repayment of a loan taken from the bank. No other business can be conducted from there C. Accounts in which shares of various companies are traded in electronic form D. Accounts which are operated through internet banking facility E. None of the above

24. What is a stale cheque? A. A cheque issued without drawer's signature.

B. A cheque with only signature of the drawer.

C. A cheque which has completed 3 months from the date of its issue.

D. Any one of the above. E. None

25. Interest on savings bank account is now calculated by banks on? A. Minimum balance during the month B. Minimum balance from 7th to last day of the month C. Minimum balance from 10th to last day of the month D. Maximum balance during the month E. Daily product basis

27. An account that can be opened by business organisations and also individuals is known as a? A. Term deposit

B. Checking Account C. Saving Bank deposit D. No Frills Accounts

E. Current deposit

28. A worldwide financial messaging network which exchanges messages between banks and financial institutions is known as? A. CHAPS

B. SWIFT

C. NEFT D. SFMS

E. CHIPS

29. Buy now & pay later refers to? A. Foreign Currency

B. Internet Banking C. US Dollars

D. Traveler's cheques E. Credit Cards

30. Which one of the following is not 'Money Market Instrument'? A. Treasury Bills

B. Commercial Paper C. Fixed Deposit

D. Equity Shares E. None

31. Which one of the following is a retail banking product? A. Home Loans B. Working capital finance C. Corporate Term Loans D. All the above

E. None

32. Finance Ministry has asked the RBI to allow common ATMs that will be owned and managed by non-banking entities hoping to cut transaction costs for banks. Such ATMs are known as? A. Black label ATMs B. Offsite ATMs C. On site ATM's or red ATMs D. Third party ATMs E. White label ATMs

33. Technological advancement in the recent times has given a new dimension to banks, mainly to which one of the following aspects? A. New Age Financial Derivatives B. Service Delivery Mechanism C. Any Banking

D. Any type banking E. Multilevel Marketing

34. Which of the following is NOT a function of the Reserve Bank of India? A. Fiscal Policy Functions B. Exchange Control Functions C. Issuance, Exchange and Destruction of currency notes D. Monetary Authority Functions E. Supervisory and Control Functions

35. Which of the following is NOT required for opening a bank account? A. Identity Proof

B. Address Proof C. Recent Photographs D. Domicile Certificate

E. None

36. What is the maximum deposit amount insured by DICGC? A. Rs. 2,00,000 per depositor per bank B. Rs. 2,00,000 per depositor across all banks C. Rs. 1,00,000 per depositor per bank D. Rs. 1,00,000 per depositor across all bank E. None

37. The Biggest employee in the Private Banking Sector is? A. ICICI

B. HDFC

C. AXIS Bank D. YES Bank E. None of these38. With reference to a cheque who is drawee? A. The bank that collects cheque. B. The payee's bank. C. The endorsee's bank. D. The endorser's bank. E. The bank upon which the cheque is drawn.39. In which of the following fund transfer mechanisms, funds can be moved from one bank to another and where the transaction is settled instantly without being bunched with any other transaction? A. RTGS B. NEFT C. TT D. EFT E. MT40. Banking Ombudsman Scheme is appli- cable to the business of ? A. All Scheduled commercial banks excluding RRBs. B. All Scheduled commercial banks including RRBs. C. Only Public Sector Banks D. All Banking Companies E. All scheduled banks except private banks.

1. Nationalization of banks aimed at all of the following except? A. Provision of adequate credit for agriculture, SME & exports. B. Removal of control by a few capitalists. C. Provision of credit to big industries only. D. Access of banking to masses. E. Encouragement of a new class of entrepreneurs.

2. Which one of the following banks is headed by a Woman CEO? A. Bank of Baroda

B. HDFC Bank C. Central Bank of India D. PNB

E. ICICI

3. Base Rate is the rate below which no Bank can lend their funds. Who sets up this 'Base Rate' for Banks? A. Individuals Banks Board B. Ministry of Commerce C. Ministry of Finance

D. RBI E. Interest Rate Commission of India

4. What is a 'Debit Card'? A. It is a card issued by a Rating Agency. B. It is a card which can be used for withdrawing cash or making payment even in the absence of any balance in the account. C. It is a card which can be used for withdrawing cash or making payment at Point of Sales (POS) if there is balance in the account. D. It is a card issued to borrowers E. It is a card which can be used for making STD calls.

7. By increasing repo rate, the economy may observe the following effects ______ A. Rate of interest on loans and advances will be costlier. B. Industrial output would be affected to an extent. C. Banks will increase rate of interest on deposits. D. Industry houses may borrow money from foreign countries.

9. Which of the following schemes is launched to provide pension to the members of unorganized sectors in India? A. Swabhiman

B. Jeevan Dhara C. Jeevan Kalyan

D. ASHA E. Swalamban

10. A cheque returned for insufficiency of funds. Payee will have right to issue notice and approach court of law for justice under section 138 of which act? A. Indian Penal CodeB. Negotiable Instrument Act C. Criminal Procedure Code D. Payment and Settlement Act E. Indian Contract Act

11.Mr. Rajendra had filed a complaint with Banking Ombudsman and is not satisfied with the decision. What is the next option available for him to get his problem redressed? A. Write to the CMD of the Bank. B. File an appeal before the Finance Minister. C. File an appeal before the Banking Ombudsman again. D. File an appeal before the Dy. Governor RBI. E. Simply close the matter as going to court involves time and money.

12. Which of the following is an example of Financial assets? A. National Saving Certificate B. Infrastructure Bonds C. Indira Vikas Patra D. Krishi Vikas Patra

E. All of these

13. Bank branches which can undertake foreign exchange business directly are known as: A. Authorized dealers

14. Insurance cover for bank deposits in our country is provided by ____ A. SBI

B. Govt of India C. GIC

D. LIC

E. DICGC

15. The Financial Literacy does not include which of the following? A. How to invest the funds B. How to use the limited funds carefully C. How to minimize the risks D. How to reinvest the money earned E. None of these

19. Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) are terms most closely related to which of the following industries/ markets? A. Capital Market

B. Banking industry C. Commodities market D. Money Market

E. Mutual funds

20. What is the maximum period for which domestic term deposits are normally accepted by the banks in our country? A. 3 yr

B. 5 yr

C. 7 yr

D. 10 yr

E.12 yr

21. If you wish to purchase some US Dollars for your travel abroad, you should approach? A. The Ministry of Finance B. The US Embassy C. Any Bank Branch authorized to do such activity D. The Reserve Bank of India E. External Affairs Ministry

22. What does the letter 'L' stands for in the term LAF commonly used in financial/economic news? A. Liquidity

B. Least

C. Liabilities D. Long

E. Liquid

23. Which of the following is not classified as a Commercial Bank? A. Public Sector Bank B. Foreign Bank

33. Which one of the following agency is a creditor's rating agency? A. ICRA

B. CARE

C. CRISIL D. All of the Above

E. None of these

34. Which of the following bank acts as a government banker? A. State Bank of India B. All Public Sector Banks C. Co-operative Banks D. Scheduled Banks

E. None of these

35. Reserve Bank of India was setup on the recommendations of which of the following commission/committee? A. Royal Commission B. Hilton Young Commission C. Dantwala Committee D. D R Mehta Commission E. None of these

36. The Central bank of India, RBI, reviews the monetary policy for every A. Three Months

B. Six Months C. Nine Months

D. Twelve Months E. None of these

37. The Deposit insurance facility provided by the DICGC is not available for which of the following A. LIC

B. GIC

C. SIDBI D. NBFCs

E. None of these

38. Which of the following is a Develop- ment Bank in India? A. IFCI

B. IDBI

C. NHB D. All of the Above E. None of these

39. The bank which refinances the loans given to the poor and weaker sections to construct or buy houses is A. SIDBI

B. IDBI

C. NHB D. IIBI

E. None of these

40. ACH is a nationwide automated electronic system that monitors and administers the process of check and fund clearance between banks. Expand ACH. A. Automatic Check Clearing House B. Automated Check House C. Automated Clearing House D. Automatic Clearing House E. None of these